Usage-based market grows 25% a year
25 September 2023
The global market for usage-based motor insurance is growing at a compound annual rate of 25% and will reach $US167 billion by 2027, analysts at The Business Research Company say...
Insurtech
Koba partners with new underwriter
25 September 2023
Local telematics insurtech Koba says it has partnered with a new underwriter after its arrangement with Eric Insurance concluded in July...
‘We see huge potential’: Suncorp trials new Microsoft generative AI tool
25 September 2023
Suncorp is among the first Australian companies to access Microsoft 365 Copilot, a generative AI service that makes use of large language models to optimise apps like Microsoft Teams, Word, PowerPoint and Excel...
Cover Genius adds Spirit Airlines to growing XCover client list
25 September 2023
Spirit Airlines has agreed to use the Cover Genius distribution platform, XCover, to offer insurance to international travelers...
‘Marked shift’ seen in attitudes towards Generative AI
18 September 2023
A marked shift in attitudes towards generative artificial intelligence is pointing to an increasing uptake in insurance in the near-term, professional services company Genpact says...
IA event to bust insurtech investment myths
18 September 2023
Insurtech Australia will host an event in Sydney on November 9 to dispel common investor myths about insurtech investment obstacles...
Finity appoints two technology-focused product heads
18 September 2023
Finity has appointed Marcello Negro as Head of Product Management and Marketing, and Edward Owen as Head of Product Development and Innovation...
Hollard claims fast-tracked with Guidewire platform
18 September 2023
Hollard says its claims management has been accelerated with the transition to cloud-based Guidewire ClaimCenter...
Lloyd’s Lab’s 11th cohort revealed
11 September 2023
A dozen teams that will make up the 11th cohort of the Lloyd’s Lab have been named...
Blue Zebra ready to pounce with Blue Leopard roll out
11 September 2023
Underwriting agency insurtech Blue Zebra says its new Blue Leopard 2.0 platform update, rolled out in recent months, offers brokers up to 18 different quote combinations and tailoring of SME products...
BAIS and client to explore AI use in digital laboratory
11 September 2023
BAIS insurance technology is partnering with Sterling Insurance, which has used the iBAIS insurance platform for more than 15 years, to set up a Digital Laboratory to explore use of Artificial Intelligence and digital tools...
FloodMapp’s live data supports Idalia emergency crews
11 September 2023
Local insurtech FloodMapp says it granted access to live maps of Florida, Georgia and South and North Carolina during Hurricane Idalia to provide US emergency managers with real-time flood data as they responded to the emergency...
ICEYE to provide Australia with flood, bushfire data
11 September 2023
Finnish satellite imagery firm ICEYE has renewed a contract to supply flood and bushfire data to the Australian government for all states and territories after last year’s $5 billion floods...
Assetinsure launches bond application portal
11 September 2023
Sydney-based Assetinsure has launched an online bond application portal for Performance Guarantees which it says is the first of its kind in Australia, and provides easy access and fast turnaround...
AI ‘not there yet’ in complex assessments
04 September 2023
Artificial intelligence will be valuable in boosting productivity, but its level of sophistication doesn’t yet deliver the insights and understanding of human expertise, the World Insurance Congress Australia has heard...
Cover Genius names new CFO
04 September 2023
Cover Genius has announced David Rudow as its new CFO to replace the outgoing Gavin Dennis...
DKG, Loopit announce partnership
04 September 2023
Insurance provider DKG Group and Loopit, an automotive subscription management platform, have formed a strategic partnership...
Fusion promotes Samuel Shirley to dual role
04 September 2023
M&A and financial lines specialist underwriting agency Fusion Specialty has promoted Samuel Shirley to the dual role of managing partner M&A UK, and global chief underwriting officer M&A...
SyncTech targets growth after ‘industry affirmation’
04 September 2023
The winner of this year’s Australian and New Zealand Institute of Insurance and Finance’s Insurtech Start-Up of the Year award, Sync Technologies, says it aims to grow at home and abroad...
‘Sense of urgency’: industry steps up digital focus post-pandemic
28 August 2023
The insurance industry’s approach to technology has been significantly influenced by the covid pandemic, AM Best says in a special report...